Praxis Investment Management Inc. bought a new position in shares of MarketAxess Holdings Inc. (NASDAQ:MKTX - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,740 shares of the financial services provider's stock, valued at approximately $376,000.
Other hedge funds have also made changes to their positions in the company. Allianz SE acquired a new stake in shares of MarketAxess during the fourth quarter valued at about $27,000. Smartleaf Asset Management LLC increased its holdings in MarketAxess by 495.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 125 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 104 shares during the last quarter. SRS Capital Advisors Inc. raised its position in MarketAxess by 13,900.0% in the fourth quarter. SRS Capital Advisors Inc. now owns 140 shares of the financial services provider's stock valued at $32,000 after purchasing an additional 139 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in shares of MarketAxess by 49.1% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 164 shares of the financial services provider's stock worth $35,000 after buying an additional 54 shares during the period. Finally, Huntington National Bank boosted its position in shares of MarketAxess by 185.7% during the fourth quarter. Huntington National Bank now owns 160 shares of the financial services provider's stock worth $36,000 after buying an additional 104 shares during the period. Hedge funds and other institutional investors own 99.01% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on the company. UBS Group lowered their target price on MarketAxess from $305.00 to $295.00 and set a "buy" rating for the company in a report on Monday, April 7th. Bank of America raised their price objective on shares of MarketAxess from $189.00 to $191.00 and gave the company an "underperform" rating in a research note on Wednesday, April 2nd. Keefe, Bruyette & Woods lifted their price objective on shares of MarketAxess from $223.00 to $226.00 and gave the company a "market perform" rating in a report on Thursday, May 8th. Citigroup increased their target price on shares of MarketAxess from $250.00 to $265.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Finally, Barclays boosted their price target on shares of MarketAxess from $232.00 to $240.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 8th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $241.78.
Read Our Latest Stock Report on MarketAxess
MarketAxess Stock Performance
NASDAQ MKTX traded up $0.94 during trading on Tuesday, reaching $221.75. 163,185 shares of the company's stock were exchanged, compared to its average volume of 499,493. MarketAxess Holdings Inc. has a 1 year low of $186.84 and a 1 year high of $296.68. The stock has a market cap of $8.32 billion, a P/E ratio of 38.57, a price-to-earnings-growth ratio of 2.86 and a beta of 0.84. The company has a 50 day moving average price of $221.06 and a two-hundred day moving average price of $216.76.
MarketAxess (NASDAQ:MKTX - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $1.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.82 by $0.05. MarketAxess had a return on equity of 19.93% and a net margin of 26.57%. The firm had revenue of $208.58 million during the quarter, compared to the consensus estimate of $211.81 million. During the same period in the prior year, the company posted $1.92 earnings per share. The firm's quarterly revenue was down .8% compared to the same quarter last year. Research analysts forecast that MarketAxess Holdings Inc. will post 7.79 EPS for the current fiscal year.
MarketAxess Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st were given a $0.76 dividend. The ex-dividend date was Wednesday, May 21st. This represents a $3.04 dividend on an annualized basis and a yield of 1.37%. MarketAxess's dividend payout ratio (DPR) is presently 52.87%.
MarketAxess Profile
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Free Report)
MarketAxess Holdings Inc, together with its subsidiaries, operates an electronic trading platform for institutional investor and broker-dealer companies worldwide. The company offers trading technology that provides liquidity access in U.S. high-grade bonds, U.S. high-yield bonds, emerging market debt, eurobonds, municipal bonds, U.S.
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